| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 201 |
|
SHARAD KUMAR BALCHAND SHAH,M/S
(Member : PSE)
|
|
|
|
SHARAD KUMAR BALCHAND SHAH
|
|
DID NOT ADHERE TO "KNOW YOUR CLIENT" DIRECTIVES/INSTRUCTIONS/GUIDELINES
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DID NOT OBTAIN ACKNOWLEDGEMENT ON COUNTERFOILS OF CONTRACT NOTES
DID NOT EXERCISE DUE CARE & DILIGENCE WHILE EXECUTING SUBSTANTIAL TRANSACTIONS IN HOME TRADE LTD.
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
19-SEP-2006
|
|
| 202 |
|
|
SHASHIKANT M.DAMANI,M/S
(Member : BSE)
|
|
|
|
SHASHIKANT M.DAMANI
|
|
DID NOT REPORT PRINCIPAL-TO-PRINCIPAL TRANSACTIONS TO THE EXCHANGE
INDULGED IN OFF-MARKET TRANSACTIONS
EXECUTED NEGOTIATED DEALS
ILLEGAL AND UNAUTHORIZED GRANT OF TRADING TERMINAL TO CLIENT
DEFAULTED IN MAINTENANCE OF DOCUMENTS REGISTER
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAINTAIN CLIENT AGREEMENTS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-OCT-2004 TO 31-DEC-2004
10-SEP-2004
|
|
| 203 |
|
|
SHREE CHAMUNDI STOCKS
(Member : BGSE)
|
|
|
|
M.S.CHANDRASHEKHAR
|
|
ACTED AS STOCK BROKER WITHOUT SEBI REGISTRATION
DID NOT ISSUE CONTRACT NOTES
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT RECTIFY BAD DELIVERIES IN TIME
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 20-NOV-1998 TO 19-FEB-1999
16-NOV-1998
|
|
| 204 |
|
|
SHREE RAM & CO.
(Member : DSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT OBTAIN WRITTEN CONSENT FROM CLIENTS FOR PRINCIPAL TO PRINCIPAL TRANSACTIONS
DID NOT ROUTE CLIENT'S MONEY THROUGH SEPARATE BANK ACCOUNT
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
15-JUN-1998
|
|
| 205 |
|
|
SHRENIK J.SHAH,M/S
(Member : BSE)
|
|
|
|
SHRENIK J.SHAH
|
|
ISSUED FICTITIOUS CONTRACT NOTES
NON-COOPERATION WITH SEBI IN INVESTIGATIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 01-JAN-1999 TO 30-APR-1999
30-DEC-1998
|
|
| 206 |
|
|
SHRIKANT G.MANTRI,M/S
(Member : BSE)
|
|
|
|
SHRIKANT G.MANTRI
|
|
ACTED BEYOND MANDATE GIVEN BY NEDUNGADI BANK LTD.
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
ENGAGED IN TRANSACTIONS OTHER THAN ARBITRAGE TRANSACTIONS
ISSUED FICTITIOUS CONTRACT NOTES
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 14-JUL-2003 TO 13-JUL-2004
05-MAR-2004
|
|
| 207 |
|
|
SHRIKANT G.MANTRI,M/S
(Member : BSE)
|
|
|
|
SHRIKANT G.MANTRI
|
|
ISSUED BOGUS CONTRACT NOTES
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT PAYMENTS TO CLEARING BANKS IN TIME
EXECUTED ONE-SIDED TRANSACTIONS
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 14-JUL-2003 TILL FURTHER ORDERS
14-JUL-2003
|
|
| 208 |
|
|
SHRINE INVESTMENTS
(Member : PSE)
|
|
|
DEFAULTED IN VERIFYING FINANCIAL CAPABILITIES AND NET WORTH OF CLIENTS
DID NOT ISSUE CONTRACT NOTES
FAILED TO DELIVER SHARES TO CLIENTS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 29-DEC-2006 TO 12-JAN-2007
08-DEC-2006
|
|
| 209 |
|
|
SHUBHAM & CO.
(Member : UPSE)
|
|
|
DEFAULTED/IRREGULARITIES IN MAINTENANCE OF ORDER BOOK
DEFAULTED IN MAINTENANCE OF MARGIN DEPOSIT BOOK AND DOCUMENT REGISTER
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT ENTER INTO AGREEMENT WITH CLIENTS
DID NOT APPOINT COMPLIANCE OFFICER
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT MONITOR CLIENT TO CLIENT POSITION OF FUNDS
DID NOT PAY TURNOVER FEE
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENTS' SECURITIES AND OWN SECURITIES
|
WARNED/DIRECTED TO BE MORE CAREFUL WHILE DEALING WITH SECURITIES MARKET
12-JAN-2006
|
|
| 210 |
|
|
SI INVESTMENTS & BROKING PVT.LTD.
(Member : BSE)
|
|
|
|
ANAND PADMANABHAN
|
|
|
SHRIDHAR P.IYER
|
|
DEFAULTED IN MAINTENANCE OF SAUDA BOOK
DID NOT MAINTAIN CLIENT AGREEMENTS
DEFICIENCIES IN CLIENT DATABASE
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT COLLECT MARGINS FROM CLIENTS
DID NOT MAINTAIN DESPATCH RECORDS
PERMITTED TRADING TERMINALS AT UNAUTHORISED LOCATIONS
DID NOT ISSUE ADVERTISEMENT REGARDING CANCELLATION OF AFFILIATED SUB-BROKERS
DID NOT EXERCISE DUE SKILL AND DILIGENCE
DID NOT ADHERE TO DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI
DID NOT FRAME CODE OF INTERNAL PROCEDURES AND CONDUCT FOR PREVENTION OF INSIDER TRADING
|
IMPOSED PENALTY RS.1,00,000
17-NOV-2004
|
|
| 211 |
|
|
SINGHANIA BROTHERS PVT.LTD.
(Member : CSE)
|
|
|
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-JUL-1999 TO 22-AUG-1999
20-JUL-1999
|
|
| 212 |
|
|
SINGHI FINLEASE PVT.LTD.
(Member : BGSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS/DOCUMENTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAKE PAYMENTS TO CLIENTS IN TIME
DID NOT DELIVER SECURITIES TO CLIENTS IN TIME
DEFICIENCIES IN CLIENT DATABASE
|
IMPOSED PENALTY RS.1,00,000
01-NOV-2004
|
|
| 213 |
|
|
SINGHI FINLEASE PVT.LTD.
(Member : BGSE)
|
|
|
|
DINESH SINGH
|
|
DID NOT RECORD TIME OF PLACEMENT OF ORDERS ON CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
INDULGED IN FUNDS LENDING/BORROWING NOT RELATED TO/CONSEQUENTIAL TO/CONNECTED TO SECURITIES MARKET
DID NOT COLLECT MARGINS FROM CLIENTS
INDULGED IN ILLEGAL CARRY FORWARD TRANSACTIONS
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 02-NOV-2006 TO 01-DEC-2006
12-OCT-2006
|
|
| 214 |
|
|
SKG STOCK & SHARE BROKERS LTD.
(Member : DSE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DEALT WITH UN-REGISTERED SUB-BROKERS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
14-AUG-2002
|
|
| 215 |
|
|
SKSE SECURITIES LTD.
(PAN:AAFCS1539J)
(Member : BSE/NSE)
|
|
|
DID NOT HAVE PRE-PRINTED SERIAL NUMBERS ON CONTRACT NOTES
PERMITTED HIGH EXPOSURE WITHOUT RENEWAL OF BANK GUARANTEE
ENHANCED TURNOVER LIMITS AND HIGH EXPOSURE LIMIT
DID NOT FOLLOW EARLY PAY-IN INSTRUCTIONS OF SEBI
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLOWED SUB-BROKER TO TRADE DURING SUSPENDED PERIOD
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
26-FEB-2008
|
|
| 216 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : LSE/NSE/OTC)
|
|
|
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED NON-SEGREGATION OF CLIENTS ACCOUNT
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
ALLEGED IRREGULARITIES IN MAINTENANCE OF ACKNOWLEDGEMENT COPY OF CONTRACT NOTE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.5,00,000 VIDE CONSENT ORDER)
30-APR-2008
|
|
| 217 |
|
|
SMC GLOBAL SECURITIES LTD.
(PAN:AAACS0581R)
(Member : LSE/OTC/NSE)
|
|
|
ALLEGED FAILURE IN MAINTAINING HIGH STANDARDS OF INTEGRITY, PROMPTITUDE AND FAIRNESS IN CONDUCT OF BUSINESS AND DID NOT ACT WITH DUE SKILL, CARE AND DILIGENCE
ALLEGED PORTRAYAL OF NEGATIVE AND BEARISH OUTLOOK OF MARKET TO ITS CLIENTS
ALLEGED LARGE SCALE UNAUTHORIZED DISTRIBUTION OF TERMINALS
DEALT WITH UN-REGISTERED SUB-BROKERS
ALLEGED FAILURE IN EXERCISING DUE CAUTION WHILE EXECUTING LARGE ORDERS ON BEHALF OF CLIENT
ALLEGED PROPRIETARY TRADING FROM MORE THAN ONE LOCATION
ALLEGED UNAUTHORIZED PERSONS OPERATING PROPRIETARY ACCOUNT ACTIVATED TERMINALS
ALLEGED UNAUTHORIZED DIVERSION OF BROKERAGE INCOME
ALLEGED DEALING THROUGH MORE THAN ONE BROKER AND NOT REPORTED OFF-THE-FLOOR TRANSACTIONS TO EXCHANGE
ALLEGED FAILURE IN COLLECTION OF MARGIN FROM CLIENTS
ALLEGED DISCREPANCIES IN KNOW YOUR CLIENT FORMS
ALLEGED DISCREPANCY IN ISSUANCE OF CONTRACT NOTES
ALLEGED NON-SEGREGATION OF CLIENT FUNDS FROM BROKERS FUNDS
ALLEGED NON-COMPLIANCE OF REQUIREMENTS OF UNIQUE CLIENT CODE
ALLEGED PLACING OF ADVERTISEMENTS IN NEWSPAPERS SOLICITING BUSINESS
ALLEGED CHANGE OF CONSTITUTION WITHOUT PRIOR PERMISSION FROM SEBI
ALLEGED NON-DISCLOSURE OF PROPRIETARY TRADING TO CLIENTS
ALLEGED DEALING WITH SUB BROKERS NOT HAVING GOOD FINANCIAL STANDING
ALLEGED IRREGULARITIES IN ISSUE OF PREFERENCE SHARE CAPITAL
ALLEGED NON-MAINTENANCE OF GENERAL CORRESPONDENCE FILE
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.15,00,000 VIDE CONSENT ORDER)
08-AUG-2008
|
|
| 218 |
|
|
SNR SHARES & STOCK SERVICES
(Sub-Broker of MPSE SECURITIES LTD., Member : BSE,Member : MPSE)
|
|
|
|
SURAJ NARAYAN RATHI
|
|
COMMITTED IRREGULARITIES/DEFAULTED IN ISSUANCE OF CONFIRMATION MEMOS
DID NOT MAINTAIN CLIENT AGREEMENTS
DID NOT MAINTAIN CLIENT REGISTRATION FORMS
DEFAULTED IN PAY-IN OBLIGATIONS
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT IN CASH WITH CLIENTS
|
IMPOSED PENALTY RS.50,000 ALONG WITH OTHER ENTITIES/PERSONS
20-FEB-2009
|
|
| 219 |
|
|
SPICA FINSTOCK LTD.
(Member : ASE)
|
|
|
COMMITTED IRREGULARITIES IN RESPECT OF CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DEALT WITH BROKERS OF OTHER EXCHANGES WITHOUT SEBI REGISTRATION AS SUB-BROKER
|
SUSPENDED REGISTRATION AS STOCK BROKER FROM 23-JUN-2003 TO 22-SEP-2003
30-MAY-2003
|
|
| 220 |
|
|
SREE SWAYAMBU STOCKS & SHARES
(Member : BGSE)
|
|
|
DEFAULTED IN MAINTENANCE OF BOOKS OF ACCOUNTS
DID NOT ISSUE CONTRACT NOTES
DID NOT MAINTAIN SEGREGATION BETWEEN CLIENT FUNDS AND OWN FUNDS
DID NOT REPORT OFF-THE-FLOOR TRANSACTIONS TO THE EXCHANGE
|
CENSURED/WARNED & DIRECTED TO BE DILIGENT IN COMPLYING WITH SEBI REGULATIONS
18-JUN-1998
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
|
| Page 11 of 13
|
